Decision and Risk Analysis under Uncertainty

This course will show you how to use a new and advanced approach and software tool for risk analysis, strategic planning, policy making, cost-benefit analysis and prioritisation.

You’ll gain advanced knowledge in decision sciences, the most recent and advanced approach for handling uncertainties in complex business decision making; Enhanced decision making skills: how to build a model to analyse and manage various types of uncertainty and preferences in complex decision making problems with enhanced confidence. The latest decision support software: you will learn how to use the latest decision support software tool: Intelligent Decision System (IDS), not only for decision making but also for knowledge management. You will learn from various case studies, including risk analysis, strategic planning, policy making, cost-benefit analysis, prioritisation, supplier selection, and business performance assessments. Wide knowledge in decision sciences: you will also learn a range of conventional methods and tools for decision analysis under uncertainty in comparison with the advanced approach in a coherent and integrated way.

You’ll learn:

How to make reliable and informative decisions of high quality meaning money and competitive advantages for your organisation

How to make efficient and effective decision support means that you can focus more on problem specific issues, approach them in a structured and systematic way, and explore many options from different angles in less time

How to master effective and efficient decision communication through graphical and text reports highlighting risks and strengths of various courses of action in a balanced way

To network and share experiences with other decision and policy making professionals

Potential low cost opportunities to tap into the knowledge pool of experts from a world leading business school through various collaborations and partnerships such as government funded knowledge transfer partnership or student dissertation projects

Course Provider: Jian-bo and Dong Ling Xu

If you are interested in further information, have any requirements (e.g. an alternative course date), or have difficulty booking a course online then please contact Jennie Phelps. It is recommended that courses are booked online. If this is not possible, then please print off, fill and fax or post the Training Course Booking Form.